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NYSE: HD
Home Depot Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for HD

Based on 18 analysts offering 12 month price targets for Home Depot Inc.
Min Forecast
$235.00-14.73%
Avg Forecast
$305.22+10.75%
Max Forecast
$350.00+27%

Should I buy or sell HD stock?

Strong Buy
Strong Buy
12 analysts 57.14%
Buy
2 analysts 9.52%
Hold
7 analysts 33.33%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Forecast return on equity

Is HD forecast to generate an efficient return?
Company
929.19%
Industry
123.89%
Market
62.25%
HD's Return on Equity is forecast to be high in 4 years (929.19%); analysts are confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is HD forecast to generate an efficient return on assets?
Company
21.31%
Industry
13.93%
Market
19.66%
HD is forecast to generate higher Return on Assets (21.31%) than the US Consumer Cyclical industry average (13.93%)
Forecast

HD earnings per share forecast

What is HD's earnings per share in the next 3 years based on estimates from 13 analysts?
Avg 1 year Forecast
$11.76+1.1%
Avg 2 year Forecast
$12.25+5.32%
Avg 3 year Forecast
$13.49+16.02%
HD's earnings are forecast to grow at a rate of 4.46% per year, which is not exceptional
Forecast

HD revenue forecast

What is HD's revenue in the next 3 years based on estimates from 10 analysts?
Avg 1 year Forecast
$129.6B+3.13%
Avg 2 year Forecast
$130.2B+3.61%
Avg 3 year Forecast
$134.0B+6.65%
HD's revenue is forecast to grow at a rate of 1.96% per year, which is not exceptional
Forecast

HD earnings growth forecast

How is HD forecast to perform vs Consumer Cyclical companies and vs the US market?
Company
4.46%
Industry
40.25%
Market
20.47%
HD's earnings are forecast to grow slower (4.46% per year) than the US Consumer Cyclical industry average (40.25%)
Forecast
HD's earnings are forecast to grow slower (4.46% per year) than the US market average (20.47%)
Forecast
HD's earnings are forecast to grow faster (4.46% per year) than the risk-free savings rate (1.1%)
Forecast

HD revenue growth forecast

How is HD forecast to perform vs Consumer Cyclical companies and vs the US market?
Company
1.96%
Industry
18.1%
Market
14.48%
HD's revenues are forecast to grow slower (1.96% per year) than the US Consumer Cyclical industry average (18.1%)
Forecast
HD's revenues are forecast to grow slower (1.96% per year) than the US market average (14.48%)
Forecast

Home Depot Stock Forecast FAQ

Is Home Depot Stock a good buy in 2020, according to Wall Street analysts?

The consensus among 21 Wall Street analysts covering (NYSE: HD) stock is to Strong Buy HD stock.

Out of 21 analysts, 12 (57.14%) are recommending HD as a Strong Buy, 2 (9.52%) are recommending HD as a Buy, 7 (33.33%) are recommending HD as a Hold, 0 (0%) are recommending HD as a Sell, and 0 (0%) are recommending HD as a Strong Sell.

What is HD's Price Target?

According to 18 Wall Street analysts that have issued a 1 year HD price target, the average HD price target is $305.22, with the highest HD stock price forecast at $350.00 and the lowest HD stock price forecast at $235.00.

On average, Wall Street analysts predict that Home Depot's share price could reach $305.22 by Jan 13, 2022. The average Home Depot stock price prediction forecasts a potential upside of 10.75% from the current HD share price of $275.59.

What is HD's earnings growth forecast for 2021-2023?

(NYSE: HD) Home Depot's forecast annual earnings growth rate of 4.46% is not forecast to beat the US Consumer Cyclical industry's average forecast earnings growth rate of 40.25%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 20.47%.

Home Depot's earnings in 2020 is $12,490,000,000.On average, 13 Wall Street analysts forecast HD's earnings for 2021 to be $12,656,640,997, with the lowest HD earnings forecast at $11,410,428,448, and the highest HD earnings forecast at $12,971,288,944. On average, 14 Wall Street analysts forecast HD's earnings for 2022 to be $13,185,073,009, with the lowest HD earnings forecast at $12,088,595,422, and the highest HD earnings forecast at $14,047,744,458.

In 2023, HD is forecast to generate $14,524,937,187 in earnings, with the lowest earnings forecast at $13,078,934,495 and the highest earnings forecast at $15,124,199,972.

What is HD's revenue growth forecast for 2021-2023?

(NYSE: HD) Home Depot's forecast annual revenue growth rate of 1.96% is not forecast to beat the US Consumer Cyclical industry's average forecast revenue growth rate of 18.1%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 14.48%.

Home Depot's revenue in 2020 is $125,631,000,000.On average, 10 Wall Street analysts forecast HD's revenue for 2021 to be $139,466,347,135,988, with the lowest HD revenue forecast at $134,207,091,207,950, and the highest HD revenue forecast at $141,064,220,477,681. On average, 10 Wall Street analysts forecast HD's revenue for 2022 to be $140,119,953,700,801, with the lowest HD revenue forecast at $130,770,614,625,056, and the highest HD revenue forecast at $148,498,114,611,814.

In 2023, HD is forecast to generate $144,228,413,020,586 in revenue, with the lowest revenue forecast at $136,565,174,656,918 and the highest revenue forecast at $147,821,024,093,508.

What is HD's Earnings Per Share (EPS) forecast for 2021-2023?

(NYSE: HD) Home Depot's current Earnings Per Share (EPS) is $11.63. On average, analysts forecast that HD's EPS will be $11.76 for 2021, with the lowest EPS forecast at $10.60, and the highest EPS forecast at $12.05. On average, analysts forecast that HD's EPS will be $12.25 for 2022, with the lowest EPS forecast at $11.23, and the highest EPS forecast at $13.05. In 2023, HD's EPS is forecast to hit $13.49 (min: $12.15, max: $14.05).

What is HD's forecast return on equity (ROE) for 2021-2024?

(NYSE: HD) forecast ROE is 929.19%, which is considered strong.

What is HD's forecast return on assets (ROA) for 2021-2024?

(NYSE: HD) forecast ROA is 21.31%, which is higher than the forecast US Consumer Cyclical industry average of 13.93%.
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